tiger update

Just more good news...

Perth, Western Australia: Tiger Resources Limited (ASX/TSX:TGS, “Tiger”) is pleased to provide an update on the positive results from recent metallurgical testwork and cost optimisation studies in support of the Definitive Feasibility Study (DFS) being conducted for the development of 50,000 tpa copper cathode producing Stage 2 SXEW (solvent-extraction and electro-winning) facility at the Kipoi Copper Project (Tiger: 60%), in the Katanga province of the Democratic Republic of Congo (DRC).
Highlights
? Total copper recovery increased from 82.5% to 88%
? Life-of-Mine (LOM) acid consumption of 12.9kg/t, versus scoping study estimate of 12.5kg/t
? SXEW Phase 1 capital expenditure is $154 million, for 25ktpa Cu HL (heap leach)
? LOM capital expenditure of $383 million, versus scoping study estimate of $422 million
? Operating costs confirmed below $1.00/lb for LOM, (below $0.70/lb for the first 3 years of operation)